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Saudi Aramco looks at new sources of funding for potential investors in pipelines

Shortpedia

Content Team
Image Credit: Shortpedia

According to the reports, Saudi Aramco is looking for loans worth $7.5 billion for potential investors in its oil pipelines. Aramco is already in talks with lenders to get the loan amount for making offer to investors. The firm is also in talks with the investors to sell a stake in a pipeline unit to raise nearly $10 billion. The firm is bolstering its moves to maintain annual dividend payments of $75 billion